The Ottawa Senators announced that they have placed Colin White on unconditional waivers for the purpose of buying out his contract.
Colin White (OTT) on unconditional waivers for a buyout. This is a one-third buyout because of his age
— Elliotte Friedman (@FriedgeHNIC) July 5, 2022
As noted by Elliotte Friedman, the Sens have opted to take advantage of a buyout clause in the CBA that enables them to payout White’s bought out contract at one-third of its value, which is possible because of his age.
Drafted 21st overall in 2015, White has amassed 224 games at the NHL level, scoring 36 goals and adding 62 assists in the process.